OMCS SABOTAGE GOVT? – THEY ARE HOARDING FUEL TO CREATE ARTIFICIAL SHORTAGEBy SIMON MUNTEMBATHE current fuel shortage has been created by Oil Marketing Companies hoarding the commodity in hopes of pushing prices upwards.“Hopes of selling fuel at higher prices have forced some Oil Marketing Companies to hoard the commodity following an increase in international crude prices thereby causing an artificial fuel shortage in the country,” Oil Marketing Companies Association of Zambia (OMCAZ) president Kafula Mubanga has said.Dr Mubanga said in an interview there was an “artificial” fuel shortage in the country because the wholesale prices of the commodity on the international market was increased by almost 100 percent.He said OMCs had been importing the commodity at very high costs, while the fuel pump prices were static.Dr Mubanga said OMCs were aiming at making maximum profits of prices if fuel prices were increase.“Yes I can confirm that there is an artificial shortage of petroleum products in […]
OMCS SABOTAGE GOVT? – THEY ARE HOARDING FUEL TO CREATE ARTIFICIAL SHORTAGE
